IPOLIS · Track A — Valuation Series

IP is the asset class. This is the curriculum.

A one-day intensive in IP valuation, rights architecture, and deal structuring, built from the frameworks used in live advisory mandates.

This is not a copyright law programme. It's a transaction and valuation programme for professionals who already understand rights and want to understand how those rights are priced, financed, and negotiated.

Enrol — Founding Cohort September 2026 · One Saturday · 20 seats
$265M
Nigerian catalogue market
$765M
Pan-African catalogue market
5–8×
African revenue multiple
13–18×
US/UK comparable
The Opportunity

The asset is real. The pricing skill is scarce.

Nigeria's music catalogue market is worth an estimated $265 million, per PMEA's own analysis. Widen the lens to the continent and that figure climbs to roughly $765 million. These are income-based valuations, calculated the way banks often price commercial property or infrastructure: discounted cash flow, not guesswork.

What's scarce is the practitioner who can price it — someone who can sit with a royalty statement, build a defensible model from it, and hold their own in a room with a fund manager or a credit committee. That's what this programme trains people to do.

Why This Matters Now

The vocabulary is becoming a requirement, not an advantage.

Music rights are increasingly being treated as financeable assets rather than simply contractual rights. As royalty data becomes more transparent and lenders and investors become more sophisticated about pricing it, lawyers and executives are increasingly expected to speak both the language of rights and the language of valuation.

Who Should Be In The Room

Built for people who advise on deals, not just close them.

IP and entertainment lawyers who advise labels, rights holders, and investors. In-house counsel at platforms and studios. Label MDs, publishing directors, and talent managers who negotiate catalogue deals but haven't had formal training in pricing them. Founders and rights holders who know their catalogue is a financial asset and want the language to prove it to the people writing cheques.

What You Walk Away With

A deliverable, not a certificate for attendance.

One Day. Six Modules. Done.

We open with the market thesis and close with a live case study.

You'll argue the same catalogue transaction from four seats: valuer, buyer, seller, counsel.

01

Rights Architecture & Ownership

Copyright fundamentals, title chain analysis, HoldCo structures.

02

Income Streams & Revenue Architecture

Revenue classification, PRO collections, sync, direct licensing.

03

Principles of Copyright Valuation

Income, Market, and Cost approaches, and when each one wins the argument.

04

Building Valuation Models

You build a live DCF using the companion PMEA Africa IP Valuation Calculator. This is where the theory turns into a number.

05

Transactional & Legal Considerations

Deal structures, SPV architecture, cross-border and tax treatment.

06

Case Study & Practicum

A live catalogue valuation, a negotiation you actually play a role in, and an Africa-specific risk review.

Why This Framework

Built from mandates, not adapted for a classroom.

This isn't a theoretical valuation model adapted for a classroom. It's a practical framework built through real lending, acquisition, publishing, and advisory work — developed specifically for African copyright markets, not imported wholesale from US or UK practice and hoped to fit.

Already Proven

Not a first attempt.

This is not the first time this material has been taught. It has roots in IP-lending training built for a Tier 1 Nigerian bank's credit desk in 2021, developed through the same Technolawgical Partners network — years before IPOLIS existed as a named programme. It also draws on facilitation work delivered on the finance module of a respected Nigerian music business masterclass.

The first cohort of IPOLIS Track A itself ran in-person for the IP department of a Chambers-ranked Lagos law firm in August 2026. This is the same curriculum, delivered online for the first time.

How The Day Works

One Saturday. Certificate in hand.

10am to 3pm WAT, with a short mid-morning break, a proper lunch, and a short afternoon break built in. You block one day. You leave with your certificate in hand.

Twenty seats. Small enough that your facilitator can speak to the specific deals you're advising on or the catalogues you manage by the time you reach Module 6.

What You'll Need

No finance background required.

A working familiarity with copyright or music business concepts is helpful, but prior valuation or financial modelling experience is not required — the maths is taught from first principles when you get to it. You don't need to own IP yourself; this is built for people who advise on it.

Bring a laptop capable of running Microsoft Excel — you'll build a valuation model during the session, not just watch one.

Who's Teaching This
Lumi Mustapha
Strategic Advisor · PMEA · Technolawgical Partners

Lumi Mustapha spent close to fifteen years building a legal practice around enforcement work in the Nigerian music industry, at a time when almost none of the rights infrastructure now taken for granted existed. That work led to founding Green Light Music Publishing — co-owned by several of Nigeria's leading legacy producers — now the only commercially active pure-play music publisher in the country, with a sub-publishing agreement with Sony Music Publishing, the world's largest music publisher. GLMP acts for over 20 composers and producers and administers more than 1,000 works.

Former Chair of MPAN, Nigeria's music publishers' trade association, and still on its board. Author of the PMEA IP Credit Lending Framework. Alongside this IP-specific practice, Lumi has significant experience in venture capital and institutional finance, having served as General Counsel to a $100 million venture fund, with further experience advising a leading pan-African venture builder and technology investment group.

The Founding Cohort

This is the first time Track A has been run online.

Everyone in this cohort gets that noted on their certificate, at a 1-to-20 facilitator ratio.

₦322,500
Per participant, inclusive of 7.5% VAT (₦300,000 + ₦22,500 VAT). Firms enrolling three or more people together qualify for group rates — contact PMEA directly.
Payment — Bank Transfer
BANKMoniepoint MFB
ACCOUNT NAMEPMEA Africa Operations Limited
ACCOUNT NUMBER6843637114
AMOUNT₦322,500
  1. Transfer ₦322,500 to the account above.
  2. Complete the registration form with your details and transfer reference.
  3. You'll receive confirmation and your Zoom link by email closer to the cohort date.
Payment via Nigerian bank transfer for this cohort. Card and international payment options are being added.